US Aircraft Parts Market Trends 2025 Show Rising Demand for Advanced Avionics and Aerospace Sustainability Solutions

The Global Aircraft Parts Market is soaring to new heights - growing from USD 674.15 billion in 2023 to USD 702.19 billion in 2024, and projected to reach an astounding USD 1,091.20 billion by 2033, registering a steady CAGR of 5.02% during the forecast period 2025-2033. This strong momentum underscores the aviation industry's renewed focus on efficiency, safety, and sustainability, as global air travel rebounds and fleets modernize for the next generation of flight.

Driven by the surge in lightweight composite materials, smart avionics, and next-gen propulsion systems, the aircraft parts market is witnessing transformative innovation. Manufacturers are embracing additive manufacturing, AI-powered maintenance, and digital supply chain platforms to enhance productivity and cut lead times. With rising collaborations between OEMs, Tier-1 suppliers, and MRO providers, and growing investments in green aviation technologies, the aircraft parts market is positioned as a critical enabler of the industry's journey toward sustainable, connected, and intelligent aviation.

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Aircraft Parts are components and assemblies used in the construction, maintenance, and repair of aircraft to ensure safe and efficient operation.

Key Players:

=> The major players in the aircraft parts market include Boeing, General Electric Company, Rolls-Royce plc, Airbus, Safran S.A., Pratt & Whitney, Leonardo S.p.A., AAR Corp. (, MTU Aero Engines AG, Spirit AeroSystems, Inc.

Key Developments

-July 2025: Safran completed the acquisition of Collins Aerospace's flight control and actuation business, reinforcing its position in mission-critical aircraft systems manufacturing.

-June 2025: AE Industrial Partners acquired Air Transport Components (ATC), establishing a full-service aircraft components and accessories MRO platform to support commercial, cargo, and military aircraft.

-April 2025: Private equity firm Avem Partners closed the acquisition of FMI Aerostructures in California, acquiring assets and manufacturing capacity for air-frame and wing components supplying aerospace and defense clients.

-January 2025: Safran Aircraft Engines finalized the acquisition of Component Repair Technologies (CRT) in the U.S., bolstering its large-engine parts repair capability in the Americas.

Recent Mergers & Strategic Moves

-April 2025: Jet Parts Engineering announced the acquisition of Cima Aviation, a specialist in fuel and hydraulic component repairs, expanding its aircraft parts repair and MRO service offerings.

-January 2025: AerSale acquired a high-demand aircraft parts portfolio from Sanad Group, enhancing its inventory of rotable components for major aircraft models such as the 737NG, A320 family, and A330/340.

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Key Segments:
➥ By Component: Airframe Components (Fuselage Sections, Wings & Winglets, Tail & Empennage, Landing Gear), Propulsion System Components (Engines (Turbofan, Turboprop, Turbojet), Engine Accessories & Modules)
➥ By Application: Commercial Aircraft, Military Aircraft, Business Aircraft, Others
➥ By Distribution Channel: OEMs, Aftermarket

Market Drivers - Aircraft Parts Market

Fleet Growth & Replacement Demand: As global air travel expands, airlines increase purchasing of aircraft parts to support both new deliveries and replacement of aging fleets.

Maintenance, Repair & Overhaul (MRO) Expansion: The rise of MRO services drives aftermarket part demand as operators seek cost-effective and timely part replacements.

Technological Innovation: Increasing use of advanced materials (composites, lightweight alloys), additive manufacturing (3D printing), and digital diagnostics boosts part quality and drives new procurement.

Regulatory & Safety Standards: Stricter aviation regulations and essential airworthiness requirements elevate demand for certified, high-quality components.

Cost Pressure & Aftermarket Alternatives: Airlines seek Parts Manufacturer Approval (PMA) and Used Serviceable Materials (USM) components to reduce costs, increasing segment growth.

Competitive Landscape - Aircraft Parts Market

Major OEMs & Tier-1 Suppliers: Key players include Boeing, Airbus, Honeywell Aerospace, Safran, and Collins Aerospace, who dominate high-value original parts supply.

Aftermarket & Independent Suppliers: PMA and USM suppliers are gaining traction by offering cost-effective alternatives and faster turnaround times.

Service & Distribution Networks: Companies with strong global distribution networks, inventory management, and digital-part-traceability platforms maintain competitive advantage.

Regional Leaders: Suppliers in regions like Japan also hold competitive positions by leveraging manufacturing excellence and local aerospace ecosystems.

Industry Developments - Aircraft Parts Market

Adoption of Additive Manufacturing: Use of 3D printing for complex parts shortens lead-times and enables on-demand production at MRO sites.

Digital Traceability & Supply Chain Transparency: Blockchain and connected systems ensure parts authenticity, lifecycle history and support regulatory compliance.

Lightweight & Fuel-Efficient Materials: Development of composite and titanium-based parts reduces aircraft weight, boosts performance and aligns with sustainability goals.

Aftermarket Growth & Strategic Partnerships: OEMs and MRO service providers entering long-term part-supply and support contracts with airlines to secure recurring revenue streams.

Circular Economy & Recycling: Increased emphasis on reclaiming parts, reuse of serviceable materials and recycling end-of-life aircraft components to improve sustainability.

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Research Process:

Both primary and secondary data sources have been used in the Global Aircraft Parts Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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